If you need to evict, it is somewhat easier if you at least know who you are evicting and have some historical references and family info to provide attorney and/or collection agency.

Some want to be in the hot markets, but you need to know those markets historically tend to be more up and down with valuations.

This is because there is anticipated growth and strong historical growth in these areas.Both of these properties have terrible cash-on-cash returns, probably because you're putting down 35%.

Although I haven't experienced a recession during ownership of those properties, historically occupancy is relatively stable (89.5% average during recession).

What are thoughts about how much we can draw from historical charts comparing rental price trends with home price trends?

The rent to purchase ratio is a little better than San Diego/OC but it’s appreciation has historically been a little worse.  

Purchase price: $130,000 Cash invested: $152,000 A Cape cod style house within one block of historic Culver restaurants.

Not exactly sure what the precise threshold is for it making financial sense, but I imagine with 3-4 bids and historical landscaping water usage data you could analyze how long it would take for it to pay for itself.

Of course, you'd also need 13k to 15k in total closing costs in NJ, but some lenders may be able to roll some or all of that into your loan amount.To me, the benefits of locking in a 30yr mortgage at historically low levels on a multi-family property are too great to ignore right now. 

QE is how they will do it, and while it MIGHT go well, historically every time central banks try and force inflation it gets away from them in devastating fashion.If inflation goes up drastically, cash will be worth less and fixed rate debt will hold a premium of value.